Which well-known retail stores have filed for bankruptcy?
Red Lobster, Walgreens, Rite Aid and many other retailers are struggling with deteriorating financial conditions.
More than three months after filing for Chapter 11 bankruptcy, Red Lobster is closing 23 more stores across the country.
With the latest expected restaurant closures, the total number of closures in the U.S. is at least 129. In the latest wave, three restaurants are closing in Florida, Illinois and Virginia, two in Minnesota and New York, and one each in the following states: Arizona, California, Colorado, Georgia, Indiana, Missouri, North Carolina, Ohio and South Carolina.
In a 23-page court document filed Aug. 22 in the U.S. Bankruptcy Court for the Middle District of Florida, the Orlando-based company said it was rejecting leases for an additional 23 locations through Saturday, Aug. 31.
On May 19, Red Lobster filed for bankruptcy after closing dozens of locations and announcing plans to “drive operational improvements” by simplifying the business. Documents later filed in federal court showed the bankruptcy was primarily due to significant debt, a carousel of CEOs, an all-you-can-eat shrimp fiasco and a 30% drop in guests since 2019.
Here’s what you should know about the recent Red Lobster store closings:
Previously: New owner close to buying Red Lobster after chain announces bankruptcy and closures
Recently announced Red Lobster location closures
Here is a list of locations slated to close in the latest wave of closures, sorted by state:
- Arizona: Yuma (1521 S. Yuma Palms Parkway)
- Arkansas: Little Rock (8407 W. Markham Street)
- California: La Mesa (8703 Murray Drive)
- Colorado: Colorado Springs (4925 N. Academy Boulevard)
- Florida: Fort Walton Beach (326 Miracle Strip Parkway SW), Pensacola (5110 N. 9th Avenue) and Port Richey (8909 US Highway 19)
- Georgia: Jonesboro (6550 Tara Boulevard)
- Illinois: Bourbonnais (1604 N. State Road Route 50), Geneva (902 Commons Drive) and Peoria (4625 N. Sterling Avenue)
- Indiana: Michigan City (4353 Franklin Street)
- Minnesota: Golden Valley (8900 Golden Valley Road) and Maple Grove (12515 Elm Creek Boulevard N.)
- Missouri: Maplewood (2381 Maplewood Commons Drive)
- new York: Bronx (925 Hunts Point Avenue), Queensbury (750 Upper Glen Street)
- North Carolina: Jacksonville (304 A Western Boulevard)
- Ohio: Strongsville (17227 Southpark Center)
- South Carolina: Cayce (1270 Knox Abbott Drive)
- Virginia: Alexandria (555 S. Van Dorn Street), Richmond (4415 S. Laburnum Avenue), Virginia Beach (709 Independence Boulevard)
Previous Red Lobster closures
In June, the company submitted a list of 228 rejected leases in bankruptcy filings that would continue to generate losses if it continued to operate as normal. According to Restaurant Business, that list included at least some of the restaurants it had already closed, meaning the company is at risk of closing another 129 restaurants.
That total appears to have been confirmed, as the 23 locations listed in last week’s court filing follow the closure of 106 restaurants in early summer.
Here’s a list of the 106 other Red Lobster locations that have closed, as previously reported by USA TODAY. Click on the state to see locations in that area, or scroll through the list:
Alabama | Arizona | California | Colorado | Florida | Georgia | Idaho | Illinois | Indiana | Iowa | Kansas | Louisiana | Maryland | Michigan | Mississippi | Missouri | New Jersey | New York | North Carolina | North Dakota | Oklahoma | Pennsylvania | South Carolina | Tennessee | Texas | Virginia | Washington | Wisconsin |
Alabama
Arizona
California
Colorado
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas
Louisiana
Maryland
Michigan
Mississippi
Missouri
New Jersey
new York
North Carolina
North Dakota
Oklahoma
Pennsylvania
South Carolina
Tennessee
Texas
Virginia
Washington
Wisconsin
Natalie Neysa Alund is a senior reporter at USA TODAY. Reach her at [email protected] and follow her on X at @nataliealund.